Sectors
Indian recruiters launch $10m VC fund
Indian recruitment companies Kelly Services India and Temp Holdings have launched a INR670 million ($10 million) venture capital fund focused on human resources-focused start-ups.
India biopharma player Vyome gets $14m Series C
Indian biopharmaceutical company Vyome Biosciences has raised a $14 million Series C funding round led by US investors Perceptive Advisors and Romulus Capital.
Jaganath Swamy leaves HarbourVest to lead start-up
Jaganath Swamy, a vice-president at HarbourVest Partners, has left the firm to join Good Parents, a health and wellness-focused start-up based in San Francisco and Hong Kong.
Malaysia's Ekuinas sells 20% stake in Alliance Cosmetics to Navis
Navis Capital Partners has paid MYR61.8 million ($15.3 million) to Malaysian government-backed PE firm Ekuinas for a 20% stake in local cosmetics brand Alliance Cosmetics Group.
Australia's Quadrant buys Goodlife Health Clubs for $198m
Quadrant Private Equity, which recently closed its eighth Australia mid-market fund at $980 million ($754 million), has agreed to buy Ardent Leisure’s Goodlife Health Clubs business for A$260 million.
WestBridge invests $11m in India's La Opala
WestBridge Capital Partners has invested INR77 million ($11 million) in Indian tableware retailer La Opala.
Brand Capital commits $19m to India's Quikr
Brand Capital, an investment arm of The Times Group, has invested INR1.3 billion ($19 million) in Indian online classifieds services provider Quikr.
Goldman, EastBridge buy majority stake in Korea’s Happycall
Goldman Sachs and South Korean mid-market focused PE firm EastBridge Partners have agreed to buy a majority stake in Korean cookware and kitchen appliances maker Happycall.
Temasek in $1.8b exit from India's Bharti, Thailand's Intouch
Singapore's Temasek Holdings has exited its stakes in Bharti Airtel and Intouch, telecommunications service providers based in India and Thailand respectively, to Singapore Telecommunications (SingTel) for a total of S$2.5 billion ($1.8 billion).
PE-backed consortium withdraws take-private bid for China’s Momo
An investor consortium that includes several private equity firms has withdrawn their take-private offer for Chinese mobile dating app Momo.
TA Associates invests $140m in India's TCNS Clothing
TA Associates has contributed to a $140 million round for Indian women’s apparel retailer TCNS Clothing.
China online finance site Lancai raises $24m
Chinese online finance platform Lancai.com has raised a RMB180 million ($27 million) Series B round of funding led by Leshi Internet Information & Technology, also known as LeEco. Existing investor Legend Capital also participated.
India's Scale Ventures buys Guerrilla Ventures portfolio
Scale Ventures, a recently launched Indian venture capital firm, has acquired the portfolio of seed-stage investor Guerrilla Ventures.
Deal focus: Tutwo cuts out the middleman
CDIB Capital commits $30 million to China's Tutwo Outdoor to help its supply chain consolidation play
Aspirant Group to acquire Japan's Sagami
Japanese private equity firm Aspirant Group has committed to a JPY1.2 billion ($12.3 million) investment to take a 54% stake in Tokyo-listed kimono retailer Sagami.
China state asset manager launches $30b VC fund
Chinese Reform Holdings Corporation (CRHC), a Chinese state-owned asset manager, has launched a government-backed venture capital fund with a target of RMB200 billion ($30 billion).
China B2B food products platform secures $18m
You Pei Liang Pin, a Chinese B2B online food products supplier, has raised a RMB120 million ($18 million) funding round led by PE-backed online fresh-food retailer Yiguo and Chinese conglomerate GMK Group.
Indian government, NBFC launch $15m venture fund
The Indian government and an associated non-banking finance company (NBFC) have launched a INR1 billion ($15 million) venture fund to support start-ups in the country’s northeast.
Deal focus: Bringing beauty to the masses
GGV expands its support of China's beauty-focused online commerce platforms with an investment in Xiao Hong Chun
China football: Game of two halves?
Chinese investors are showing increased interest in international football clubs, hoping to profit off their growing domestic fanbases
3D printing: Dimension jump
3D printing technology is expected to grow at an accelerated rate now that its practical applications have come into focus. As a global manufacturing leader, Asia could be at the center of the boom
Deal focus: NextVR takes live VR worldwide
US-based virtual reality broadcaster NextVR raises $80 million for expansion, mostly from Asian investors
Chinese consortium further scales back Opera deal to $575m
A PE-backed Chinese consortium has agreed to scale back its ongoing acquisition of the web browser business of Norway’s Opera Software to a value of $575 million. It follows a renegotiation earlier this year that agreed a $600 million deal as an alternative...
Tencent, Foxconn lead $175m round for India's Hike
Chinese internet giant Tencent Holdings and manufacturer Foxconn Technology Group have led a $175 million funding round for Indian mobile messaging app Hike.